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EMEA Utilities Industry Quarterly Update: October-December 2023

Publisher IDC
Published Feb 14, 2024
Length 22 Pages
SKU # IDC18540121

Description

EMEA Utilities Industry Quarterly Update: October-December 2023


This IDC Market Perspective provides an overview of the utilities industry in 4Q23, covering M&As, agreements, reorganizations, and major business developments; new financing deals; major renewables infrastructure projects; major green hydrogen projects; smart metering and smart grid initiatives; microgrid agreements; energy-efficiency initiatives; major flexibility, EV, and battery energy storage projects; IT ecosystem major acquisitions and agreements; major IT and OT contract wins; IT product announcements; utilities; and GenAI."Unpredictability has become the name of the game among utilities, and the events of the past two years have been game-changers. While more immediate matters such as supply security, demand efficiency, and tariff impacts on energy consumers are drawing attention from long-term initiatives, contingent factors such as extreme drought and catastrophic weather events are vivid reminders that climate is a non-linear process that must be addressed with extreme urgency. Utilities will continue to prioritize their net-zero journeys and sustainability efforts, with affordability being of paramount importance," said Gaia Gallotti, associate research director, IDC Energy Insights.

Please Note: Extended description available upon request.

Table of Contents

22 Pages
Executive Snapshot
New Market Developments and Dynamics
Situation Overview
Clean Energy and Sustainability
Hydrogen
Energy Efficiency
Business Environment, 4Q23
Demand and Prices
Oil Prices
Electricity Prices
Indicators of Renewable Performances on Financial Markets
Listed Utilities Performance
Utilities and GenAI
New Market Developments and Dynamics
M&As, Agreements, Reorganizations, and Major Business Developments, 4Q23
Octopus Energy Completes Purchase of Shell Energy Retail in the U.K. and Germany
U.K.'s Octopus Energy Launches $3.7 Billion Offshore Wind Fund With Tokyo Gas
Galicia Launches Clean Power Utility
Iberdrola's New York Utilities Win Approval for Reliable Energy Plan
ENGIE Reaches Deal on Extension of Tihange 3, Doel 4 Nuclear Reactors
New Financing Deals, 4Q23
Greece's HEDNO to Deploy 3.1 Million Smart Meters
EU to Boost Gabreta Smart Grids Project With $107.6 Million
EBRD Lends $87.5 Million to Delgaz Grid in Romania
Major Renewables Infrastructure Projects, 4Q23
South America's Floating Solar Farm Launched in Colombia
Washington Utility PSE to Build 248MW Wind Farm in Montana
Octopus Energy to Build Sierra Leone's First Wind Farm With Sherbro Alliance Partners
Ilmatar to Build 186MW Onshore Wind in Finland
Suzlon Wins 100.8MW Wind Turbine Order in Gujarat in India
Statkraft Starts Building 42.2MW Solar Farm in Southern Spain
Neoen Starts Construction of Solar Farm in Australia
Taesa Chooses Hitachi Energy for High-Voltage Direct Current Transmission System
CPC Finland Selects Hitachi Energy's Technology for Finland's Solar PV Power Plant
Major Green Hydrogen Projects, 4Q23
Canadian Firm to Build $2.9 Billion Green Hydrogen Project in Quebec
ACWA Power Signs Deal for $1 Billion Green Hydrogen Project in Indonesia
Australia Funds New Hydrogen Hub Project at Port Bonython
EDF Renewables UK, Hynamics Get Funding for Green Hydrogen Project
Smart Meter and Smart Grid Initiatives, 4Q23
Puerto Rico's 1.5 Million Smart Meter Replacement Gets Go-Ahead
Serbian DSO Selects Suppliers for 470,000 Smart Meters
373,000 Smart Meter Program Launched by Snohomish PUD in the U.S.
EMASESA to Deploy 77,300 Smart Water Meters in Seville
New Jersey's TWW Launches Smart Water Meters Program
Smart Water Metering Pilots in Western Australia
German TSOs to Cooperate on Four Grid Expansion Projects
National Grid Refurbishes 170km of U.K. Transmission Network
UK Power Networks Invest $7.6 Million in Substation Communications
Enel Unveils Plan for Grid Investment
Italgas, Tokyo Gas Network Agree to Develop Future Gas Distribution Networks
Aspern Smart City Grid to Be Modelled With Digital Twin
Microgrid Initiatives and Agreements, 4Q23
Canadian Government Invests in First Nation Microgrid Project
Cuyahoga County to Launch Nation's First Microgrid Utility
Reon Energy to Build Microgrid for Arabian Yemen Cement
Major Flexibility, EV, and Battery Energy Storage Projects, 4Q23
Quebec City Chooses Hitachi Energy for Centralized EV Bus Charging System
Italy Selects Hitachi Energy to Deploy Ultrafast Charging eMobility Solution
Turkey Chooses Siemens for 200 EV Fast Chargers and Digital Services
Ford Buys EV Energy Company AMP to Improve Charging and Battery Management
Spain's Naturgy to Study Reusing Old EV Batteries for Stationary BESS
Kaluza, OVO Energy Tap Volvo for Vehicle to Everything Tech
SDG&E, Toyota to Collaborate on Vehicle to Grid Technology
GreenV Makes Electric Vehicle Chargers Smart With IoT Technology
Honeywell to Provide U.S. Virgin Islands With BESS
Major IT Ecosystem Acquisitions and Agreements, 4Q23
Uplight to Acquire DERMS Provider AutoGrid
Cognizant Buying Thirdera in Move to Build ServiceNow Business
Vector, AWS Extend Renewable Energy Data Platform Partnership
Siemens Acquires BuntPlanet to Strengthen AI Portfolio in the Water Sector
Siemens, ServiceNow Enable Cloud-Based Management of OT Assets
Itron Joins the Green Button Alliance to Help Green Button Standard
Goodwill Launches Major Green Jobs Program in Partnership With Accenture
Subeca Launches Amazon Sidewalk-Based Solution for Water Metering
IT and OT Contract Wins, 4Q23
National Grid UK to Develop Digital Twin for Regional Energy Planning
UK Power Networks' Smart Metering Data Moved to Microsoft Azure Cloud Storage
OVO Completes Migration of SSE Customers
Varberg Energi Selects Hansen to Power Intraday Trading
Nordic Energy Retailer Goes Live With Hansen CIS in Sweden
Genesis Selects Gentrack g2.0 for New Customer Experience
Tokyo Gas Licenses Kraken to Digitalize Operations
TAQA Selects Kraken Technology's Platform for Pilot Project
GE Vernova Awarded Service Agreement for New CCPP in Senegal
Alectra to Deploy Itron's Distributed Intelligence Technology
Italgas Monitors 8 Million Smart Meters With New Assurance Solution
IT Product Announcement, 4Q23
OpenADR 3.0 Launched for Distributed Energy Resource Management
Utilities and GenAI, 4Q23
E.ON Launches GenAI Assistant
Microsoft Launches Security Copilot Early Access Program
Microsoft Launches Two New Copilots for Service, Sales
IBM Continues AI Push With $500 Million Enterprise AI Venture Fund
Accenture Collaborates With SAP to Help Organizations Adopt GenAI
Deloitte, ServiceNow Extend Partnership With GenAI Integration
CGI, Google to Drive Innovation in the Responsible Use of GenAI
Siemens, Microsoft Partner to Drive Cross-Industry AI Adoption
Schneider Electric Drives GenAI by Integrating Microsoft Azure OpenAI
C3 AI Expands Strategic Collaboration Agreement With AWS
Advice for Technology Suppliers and Service Providers
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